Real Estate

Putting The Focus on Trust in Real Estate

With its grand opening on August 27, Partners Trust, a fast growing real estate brokerage, brings its vision of buying, selling and managing properties to Pasadena

By FRANZ A.D. MORALES
Published: Friday, October 25, 2013 | 12:04 PM

Buying a home is tricky business. You have to deal with sellers both scrupulous and unscrupulous, lawyers from both sides, mortgage firms, and what not. For a seamless buying experience, what you need is a real estate agent you can trust to responsibly protect your interests and handle all the details. .

Unless your mother is a realtor, Partners Trust is where you might feel you want to bring your business.

Nick Segal

“We have four offices on the west side, from Beverly Hills West, to Brentwood, and then to Santa Monica. Our Pasadena office is opening in a new building that also has an Urth Caffé,” says founder Nick Segal. “We are investors in both.”

On August 27, Partner’s Trust, which The Los Angeles Business Journal called the Southland’s fastest-growing residential real estate company, opens its first Pasadena office, bringing its unusual business model to the area.

Some features that separate Partners Trust from most real estate brokerages are:

• Partners Trust offers all associates an equal equity share of the business.

• Partners Trust invests in real estate and other businesses and invites associates and clients to participate.

“I think at the end of the day, I had a great desire to create something that was invitation-only – that was a vehicle where we could truly raise the level of integrity, of partnership, collegiality,” says Segal.

Segal, former vice president at Sotheby’s International, along with four other leading residential real estate agents, founded Partners Trust in 2009 at a time when the real estate market was in a slump. Despite the recession, the firm has grown from a single office to five, from five founding partners to 130 associates.

The company has grown from $250 million in sales in 2010 to surpassing $1.1 billion in sales in 2012. Segal says his company is the number one multi-office residential real estate company in the Greater Los Angeles area in terms of production per individual associate.

As Partners Trust opens its newest office in Pasadena, it won’t be a fledgling company looking to take root. Despite being a new(ish) company, Partners Trust will be a juggernaut of experience with 12 respected and top-producing real estate agents with roots in Pasadena joining the Partner Trust team.

“The entrepreneurial spirit is really the driver for us, the main force. With our company not only reselling homes, we have our own acquisitions division and we now have full assets under our management that we own,” says Segal.

Partners Trust knows what it’s doing. And it’s bringing that knowledge to Pasadena.

Partners Trust Real Estate Brokerage & Acquisitions will open at 594 E. Colorado Boulevard. To learn more about the company, visit http://www.thepartnerstrust.com or call (626) 696-4800 for more details.

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